UK slashes North Sea tax receipts forecast

Office for Budget Responsibility expects oil and gas to raise £1.1 billion in 2019-2020

Dwindling receipts: from North Sea oil and gas fields — Dwindling receipts: from North Sea oil and gas fieldsPhoto: TOTAL

Rob Watts

London

Published 11 March 2020, 16:31Updated 11 March 2020, 17:01

OBR UK North Sea Rishi Sunak UK Europe